Sun Hydraulics Co. (SNHY) Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its holdings in Sun Hydraulics Co. (NASDAQ:SNHY) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,405 shares of the industrial products company’s stock after acquiring an additional 59,213 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 4.63% of Sun Hydraulics worth $49,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SNHY. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sun Hydraulics by 26.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,193 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 465 shares during the period. Clearstead Advisors LLC acquired a new position in shares of Sun Hydraulics in the 3rd quarter valued at $205,000. Private Advisor Group LLC acquired a new position in shares of Sun Hydraulics in the 3rd quarter valued at $219,000. Truvestments Capital LLC acquired a new position in shares of Sun Hydraulics in the 3rd quarter valued at $222,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Sun Hydraulics in the 3rd quarter valued at $223,000. 87.07% of the stock is currently owned by institutional investors and hedge funds.

SNHY opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.14 and a quick ratio of 1.17. Sun Hydraulics Co. has a 12 month low of $30.79 and a 12 month high of $58.39. The firm has a market capitalization of $1.07 billion, a P/E ratio of 20.63 and a beta of 1.67.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 20th. Investors of record on Saturday, January 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, January 3rd. Sun Hydraulics’s dividend payout ratio is currently 22.50%.

A number of research analysts have recently weighed in on SNHY shares. Morgan Stanley started coverage on Sun Hydraulics in a research note on Tuesday, December 18th. They issued an “equal weight” rating and a $38.00 price target on the stock. SunTrust Banks cut their price target on Sun Hydraulics to $46.00 and set an “accumulate” rating on the stock in a research note on Wednesday, November 7th. ValuEngine cut shares of Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Robert W. Baird set a $44.00 price objective on shares of Sun Hydraulics and gave the company a “buy” rating in a research report on Friday, January 25th. Finally, BidaskClub upgraded shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research report on Saturday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.71.

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Sun Hydraulics Company Profile

Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

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Institutional Ownership by Quarter for Sun Hydraulics (NASDAQ:SNHY)

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